Tex. Transportation Code § 284.036
This is the official text of Tex. Transportation Code § 284.036, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 284.036. BONDS SECURED SOLELY BY REVENUE.
Official statutory text
Bonds secured solely by a pledge of project revenue:
(1) are not a debt of the county issuing the bonds but are solely a charge on project revenue;
(2) may not be considered in determining the power of the county to issue for any purpose bonds payable in whole or in part from taxes; and
(3) must state: "The holder hereof shall never have the right to demand payment of this obligation out of any funds raised or to be raised by taxation."
(1) are not a debt of the county issuing the bonds but are solely a charge on project revenue;
(2) may not be considered in determining the power of the county to issue for any purpose bonds payable in whole or in part from taxes; and
(3) must state: "The holder hereof shall never have the right to demand payment of this obligation out of any funds raised or to be raised by taxation."
Status: in_force · Read it on the official government site
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